Which household insurance covers safe deposit boxes?

Dear sir/madame,

I have a bank safe deposit box and would like to insure its contents. My current household insurance provider does not offer this coverage. Do you know of an insurance provider which offers solutions for safe deposit boxes?

Thank you in advance for your feedback.

With kind regards

Many household insurance providers do not let you insure the contents of a bank safe deposit box. However, some insurance providers - such as Zurich Insurance or Allianz - do let you insure safe deposit boxes through your household insurance policy. You must specify that you want your safe deposit box added as a covered location when you apply for the household insurance policy. You may pay an additional premium - particularly if you need higher coverage for cash equivalents than what the standard sum insured by the household insurance policy.

If you use safe deposit boxes to store jewelry, furs and musical instruments, you can consider taking out valuables insurance. This insurance is offered by many Swiss insurance providers and can typically be added as a rider on household insurance policies. Most valuables insurance providers give you the option of including bank safe deposit boxes in the coverage. However, valuables insurance does not normally cover banknotes, precious metal bullion or other cash equivalents.

If you use safe deposit boxes to store precious metals, non-bank safe deposit boxes and bonded warehouses are two alternatives. Almost all non-bank safe deposit box providers offer optional insurance. In some cases the premium for a certain amount of insurance is included in the deposit box rental fee. The downside of non-bank safe deposit boxes is that they are generally more expensive than bank safe deposit boxes.

Best regards from Moneyguru